Table 22-5 -Refer to Table 22-5.The Table Shows the Preferences of Four

question 14

Multiple Choice

Table 22-5

-Refer to Table 22-5.The table shows the preferences of four types of voters over four possible outcomes: W,X,Y,and Z.In addition,the table shows the percentage of voters of each type.Based on this information,which voter is the median voter?

• A)Type 1
• B)Type 2
• C)Type 3
• D)There is no median voter in this example.

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Definitions:

Subsidies

Financial support provided by the government to individuals, businesses, or institutions to encourage certain activities or reduce the cost of products.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced within its borders over a specific time period.

Domestic Output

The total value of goods and services produced within a country's borders in a specific time period.

GDP

Gross Domestic Product is the sum market value of all final goods and services produced domestically in a country within a specific period.